Shifting Winds

AUTHOR(S)

Slavin, Al

PUB. DATE

October 2011

SOURCE

Best's Review;Oct2011, Vol. 112 Issue 6, p93

SOURCE TYPE

Trade Publication

DOC. TYPE

Interview

ABSTRACT

The article presents an interview with Asha Attoh-Okine, managing senior financial analyst of insurance-linked securities at A.M. Best Co. Inc. He says that the level of investor market interest in catastrophe bonds in the third quarter of 2011 is strong. Attoh-Okine further says that any increase in rates in the reinsurance and retrocession markets will spill over into the bond market. He also notes that the collective role and industry's view of peril modelers has not changed.

Reports that a study done by A.M. Best Company revealed gaps in ratings between domestic reinsurance companies and those struggling to improve their position. Expectations from A.M. Best; Information on report; Names of direct reinsurers.

The article focuses on the performance of the reinsurance sidecar sector in the U.S. Sidecar formations took off after the hurricane losses in 2005, when they provided much needed capital. Twenty sidecars were formed in 2006, representing $4.5 billion in capital, according to A.M. Best Co. Inc....

The article discusses the report from A.M. Best Company Inc. which suggests that reinsurance firms should get into lines of business other than the property disaster business as competition from third-party capital sources remains.

The article reports on the data from insurance rating agency A. M. Best Co. Inc. which reveal the attention paid by the U.S., Europe, and BRIC countries in the African insurance and reinsurance markets as of March 2014.

The article reports on the International Cooperative and Mutual Insurance Federation (ICMIF) Meeting of Reinsurance Officials to be held in Miami, Florida on June 9 2014, in which several executives of insurance rating firm A.M. Best will participate including John Andre and Donna Lagos.